"India Secures Historic $100 Billion Free Trade Deal with European EFTA Bloc"

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Source: Al Jazeera English
"India Secures Historic $100 Billion Free Trade Deal with European EFTA Bloc"
Photo: Al Jazeera English
TL;DR Summary

India has signed a $100bn free trade agreement with the European Free Trade Association (EFTA), comprising Switzerland, Norway, Iceland, and Liechtenstein, which will lead to the lifting of import tariffs on industrial products from these countries in return for a 15-year investment. The deal aims to boost exports, promote investment, and create employment, with provisions for liberalized trade rules for Indian agricultural exporters and opportunities for professionals to work in the EFTA zone. The agreement also includes elements such as intellectual rights and gender equity, and all five countries must ratify the deal before it can take effect.

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